China’s Housing Provision System: Evolution, Purchase–Rental Gap Measurement, and Optimization Strategy
Publication: Journal of Urban Planning and Development
Volume 147, Issue 4
Abstract
Continuously high housing prices in large and medium-sized cities in China indicate that the urban housing provision system (HPS) has some drawbacks. One reason is that the housing rental market has long been ignored by authorities. In this paper, we divided the development process of HPSs into five stages from the view of housing purchases and rentals. Then, we analyzed the possible housing demand change of citizens based on changed migration distribution, demographic trends, and housing affordability. Subsequently, we established a distance coordination model to determine the coordination level between the housing purchase market and the housing rental market and found that the western region in China has the highest degree of coordinated development, followed by the eastern region, and the central region has the lowest. Finally, we proposed six preliminary strategies to optimize the HPS in the new era, and they can be summarized as (i) realizing virtuous interactions between the policies of the central government and the local government on two housing markets, (ii) reducing the development gap between the housing purchase market and the housing rental market, and (iii) establishing a Housing with Joint Property Rights system.
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Acknowledgments
This work was supported by the Social Science Foundation of Shaanxi Province (2020ZDWT18), National Key R&D Program of China #1 under Grant number 2018YFD1100202, Key Research and Development Plan of Shaanxi Province, China under Grant number 2018ZDCXL-SF-03-04, and Key Research Base for the Co-construction and Sharing for Human Settlement Environment and Good Life of the New Era in Shaanxi Province, China. Xiaojun Liu and Xiaotong Guo conceived the study and were responsible for the design and development of the data analysis. Lingyan Li and Hanliang Fu were responsible for data collection. Xiaotong Guo was responsible for data interpretation. Xiaojun Liu wrote the first draft of the article. Shiqi Chen was responsible for the data analysis.
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Published In
Journal of Urban Planning and Development
Volume 147 • Issue 4 • December 2021
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© 2021 American Society of Civil Engineers.
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Received: Nov 4, 2019
Accepted: Jun 3, 2021
Published online: Jul 28, 2021
Published in print: Dec 1, 2021
Discussion open until: Dec 28, 2021
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